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You purchase a home for $320,000, by making a down payment of 17% and financing the remaining amount with a 30-year mortgage. Your mortgage has

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You purchase a home for $320,000, by making a down payment of 17% and financing the remaining amount with a 30-year mortgage. Your mortgage has an annual percentage rate of 7.4%, Sy compounded monthly Determine your monthly mortgage payment (in dollars). (Round your answer to the nearest cent.) $2215.70 x

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